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As noted in the 27th Actuarial Report on the Canada Pension Plan, if one uses the "closed group approach", the plan has an enormous unfunded liability. As of December 31, 2015, the CPP's unfunded liability was $884 billion, which is the difference between its liabilities ($1.169 trillion) and its assets ($285 billion).
A defined contribution (DC) plan is a type of retirement plan in which the employer, employee or both make contributions on a regular basis. [1] Individual accounts are set up for participants and benefits are based on the amounts credited to these accounts (through employee contributions and, if applicable, employer contributions) plus any investment earnings on the money in the account.
The CPF was introduced in 2009 under heritage minister James Moore, a member of the Harper government; it went into effect a year later. [2] It was designed as a replacement for two existing programs: the Canada Magazine Fund (CMF), and the Publications Assistance Program (PAP), a subsidy on the delivery of Canadian periodicals which predated the Confederation of Canada. [3]
A popular Japanese actor hired to be the wholesome face of a low-alcohol beer has been fired after getting drunk and breaking into his neighbor's home, officials said.
Canada Periodical Fund, since 2020 how the government subsidizes journalists in the daily press; Cadastro de Pessoas Físicas, an identity number for individuals issued by the Brazilian government; Central Provident Fund, the mandatory saving and social security plan of Singapore; Communist Party of Finland, a communist political party in ...
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Two-time Grand Slam champion Simona Halep, working her way back from a drug suspension, and Hall of Famer Lleyton Hewitt's 16-year-old son Cruz were among the players awarded wild-card entries ...
A tax-free savings account (TFSA, French: Compte d'épargne libre d'impôt, CELI) is an account available in Canada that provides tax benefits for saving. Investment income, including capital gains and dividends , earned in a TFSA is not taxed in most cases, even when withdrawn.